CHARITY REGISTRATION NUMBER . 1137094 HIGH8URY QUADRANT COMGREGATIONAL CHURCH REPORT AND ACCOUNTS YEAR ENDED 31 OECEMBER 2023
HIGHBURY QUADRANT CONGREGATIONAL CHURCH YEAR ENDED 31 DECEMBER 2023 CONTENTS Page Legal and Administrative Trustees. Report Independenl Examinerfs Report Statement of Financial Activities Balance Sheet Notss to the Financial Stalement 13
HIGHBURY QUADRANT CONGREGATIONAL LHURCH LEGAL AN[) ADMINISTRATIVE INFORMATION YEAR ENDEQ 31 DECEMBER 2023 Charity Namo Congregational ChapL&I and Lecture Hyll. Knowii loL8lly l-liqhbury Quadranl Congreoalional Church. Charity Rogist¢red Numbor 1137094 Prlncipal addro55 Highbury Q¢Jddrunl CunpfLJQiiliuniil LhurLh Highbury Qu<idranl London N5 2TE Wob- Sllo: www.hqcc.org.uk Trusloos Revd. Shahn¥wuz Javed Deacon J O'Donov8n Miss Joyc¢) PriLe Mrs M Mcouire Mr Leo John Mendoza Mini¥ler Trea%urer SL'LrL'lJry l£(iiriuvLid un 2J 4 202J I=ILILbf- LIQLILLI vn 2J.4.202J Indopondonl Examinor M. Sdid& Co. Lh<lrter#d GLAriilied Accuunlunls 137 BldLk¥lock1104d Lon¢Jun N4 2JW Bankor I-ISBC 312 Sevon Si¥lvr¥ Roi4d London N4 2AW
HIGH8URY QUADRANT CONGREGAI"IONAL LklURLtrI
TRUSTEES. REPORT
YEAR ENDED 31 OECEMBER 2033
I'ho Church Leadership submils Ils annual rL%pon ioqelliL'r wilh IhL' indopeiiLIL'tilly L'X¢irninLxl Iiiiancidl
btrdlemenls ol IIILh LhurLlI for Iho pcriod erMILyI JI l)LILL[JilJLbr 2U23.
'Ihe tru51oc5 Lonfimi Ih¢lt IhL linaiiLial 51JlcinLbrits ol It. LiiÉi¥Jly Lomply wjlh IIiL% GurrLYiI sldlulury
roquiremenls ol Chdrily's auverniiiu doLumryit Jnd IIiL' fCLOrllnTndaIl{jfi ul IIIL "I_-IIS11Y2 SOI<1?1
ollocli¥Li frgrn Jtinutiry 2016 dii¢J in dLLL)rdJiiLL' willi tsiL¥ LliaiiliL% AL-t 2011.
1.1 Chllrily NstmL
Lunyrc9yIiufiJl LliilPLiI arid l.LtulL1 I Idll. Known IoLJIty as IliqhLwry Quadr1 Lungrondlional ChurLh.
I'he ChurLh Was Lislablishoil in 1871J
1.2 AlfiliatiL)n¥
l-IIL. ChurLh 15 rnLinbor ol tIiL& Lvaii4LIliLdl l LIlK)w¥lbip ol Cori4fLl4dliundl LliurLIIL4S
Iwww.LlcL.kdroo.n(.'Il. IIIL. (:onuf('.g¢iiiuiial l LuiwfL4414dliuniil.uru uk).
n(J IhLI LvtAniiLIIiLiil AlliÉlllLI.. Iwww L'iiuk uiul
STRUCTURE. GUVERNANCE AND MANAGEIAEN I.
2.1 1'hL4 Govofning DucymLifllY
I'hL& ChurLII'¥ SlOVLirnin# documcanls JrL% u¥ folluws.
Chdrily LurTirriisyion Schcfflc ol 4 July 19113. gOVLill)IllQ IIILI Church's Lonsliluliw and propLIrty
t 14iglibury Quydrdnl Congr¢iquli¥ri41 LIIufLlI. I IlIbUrY aLtddrJnl. Lvn¢JLYI Ni 2l'E.
Tho %Lliemu ¥lipuldtLis Ihal Iho prupLiriy is lo bL) hold on Int51 in
HIGIIEIVI4Y QUAOI
HIGHBURY QUAORANT CONGRLGATIONAL CHURCH TRUSTEES. REPORT YEAR ENDED 31 DECEMBER 2023 ACHIEVEMENT AND PERFORMANCE 4.1 Achiovomenls and Perforrndnce As d Church we give Ih¥nks lo God Ihdt klc hds bL'LlI qood lu us aThJ CltIruL1 10 51iowor with Fli¥ blessinus pray and Injsl in God Ilidl l.lc will eritiblL' to bL' 4()1 ¥lLad$ ul IIiL¥ qills a¢id fosoufLL¥s L1(UsIC lo us Ihrouuli Ihc body ol pcoplc wlio dfL Ilio Llivrcli lJnJdy IlkLi wider coriiinuftily. A5 a Church wo havc ¢onlinuc 10 5L'L' a numbLir ol i[l¥ldu¢jl5 commilling lo rular worship yrKI sludy groups. Tho church ha¥ currently 21 aciivL fflcinbcrs 20 dthcrenls 120?2 '. 15 mombofs and 20 iidliL'fLYils I willi 3 childron12022. 2 childrLnl '[ liib kLeps us YIe¥ and we and prdy Iliol ITIL4riilxii¥liip will oruw iii tliL. knuwlL¥JuL% d (d¢9 ol IIILI Lord JLi¥US Lhrisl. WLI •also loiiu Its SL'L, yL'upIL' iii uur IL)Liil LL)[DlunIIY LVIT)iri4 lu kriuw IliL' Lo(d Josus Lhfist ds Iheir pLaisoniil Sdviuuf. iirKI juininq willi UID in dLli¥¢liL¥. dn(11111s IID Uui LL)ll51dnl prayer. I'he Clidiily 15 8 small ChufLh in tcrins ol morribLicsIIip drid dlLh Luff111Y ¢JopL'iidonl. finyfhcldl ILicin5. ori prolil Ilom Ili¢ Socond L114hncL. Clidrtly Slwp u¥i(l IIK. rl1$11 InM0 Iivrii LhuiLli rnan$¢. 4.2 Pust 8alihn¢o Shoot For myny yUi41¥ the church h¥$ bcL¥n lookinA Et vyrious ways ol holping p¢ecuto #nd muruinali¥od Chri¥liyns iii Pakislari. Un 2 April 2023 mLsmiKir¥ lormLi¢J y LoiniiiillL4L) lur ItilL4riidlioiial Mi¥5iun rn4KKi up vl fivo rnonibor¥ WIIILII dPPCOVLi¢J in July 2024 dn liilLirniiliL)iidl iru¥siuii yl411. Th¥ plan ol Ihe mi¥won i¥ lo start u(Jucalivndl. ML{11, ¥killurl IfJllllryl LL¥llfLiS. clwJfLh k4driliii s well as womL%n ornp¢)wLiiriiLsnl Jfi¢J ITIILrolindllLLi pruLIS. 11 Wds dec¢<Jed Ihdl thLI Mini¥lL%f Vlill uo to on d sliori IfP:u ltr•dkisiaii lu LIXOrL VPPUfluniliLi¥ ill IIIu¥Li ljL%l(J¥. Olhor missiuiiurio¥ Lan IrdVLiI in IliLI lulurc4 Iu supyuii ULLISLI pluLIs. IIIL'Y wll bL'tic IIIL'W Ilti¥(..l Losl bvl Ili Lliarily will puy lor olhor LVSIS. 5. FINANCIAL REVIEW S.1 Fbnaiicial Dctivily and Financiul Po¥ilioii -[ ho SIdlLl¢jfll ol fsiidrKidl ALlviliLIs dn IliJl&lllLLI SIILhL.l uii lound vri PYULIS 7 15 ru'¥wLIIvL.Iy. -rile bal8ricu sliL'L.l Sliows iuldl NL.I nssL.Is ul LltsJ Jf.li2i 1202.1 1'14U.2g41 Thcb jIICILld¥Li in NLII IKSSLils wu¥ lu J suiplu5 01 1'l,JJI I IU22 '1)L4licil EIU.114 1 iii thi¥ yLidr¥ rSU11¥ 5.2 Ro¥orvos Pollcy The LliurLh LLi•ddc4rsl)ip lid¥ LixumiiiLbd IIILI fLwuifLinL'rii¥ lur I1¢ fQSQ¢VLKs. j.L IIIusL4 uiirLi¥liiLIL¥J lun¢J¥ ul invLi¥ILid iri lyng¢blL. IixL¢J 1155015. '1'IIL. CIIuiLlI l.QddL'iblisp LxMi¥idcirs IliJi 4ivL'ri IIiLi rialuri! ol thu LiiiirLèI's ¥vurk. fr¢Li fLYLsfiiLlS ¥liuulU t)L' LYJlll¥dlL'nl Iu ¢lPVIUXillJ¢41L¥ly 11 In(Jnihs' ruuiinLI 4L'nLiuI lur)Q Lliuril¢iblL' QXPLindiluro, plus L'offlmiiiod lulurL L7xpi:ii¢JilurL' on olhL&r prUlL¢S %iruurid £20.OLIO. wliere lunds PL&rinsl. I hL¥ Cliur¢h LLiydL4rship is tsl Ihts opiiiiun Ihdt Ihis providL7S sullicionl IILixibilily lo cuvof lempurury sliurtlyll in inLoining re¥our¢es gnd will allow Ihc Church lo cope an lo unlorc%Ln eme0¢•05 wliilsl Specilic dclion plAns dro imploniLirslLId.
FIIGIIUURY QVADiuf4T CONG'REGATIUI4AL uiiuri¢FI
TKusfEES' AEI?OIIT
YEAII ENDED 31 VELEMk]Ell 2023
At Jl l)OGLimbor 2023 IIK, CliurLlI liJ IiL•l Iiuts rosurvi's vl 1..11 I.JIII1201J_'LIUg.4691 Iuiiuiys
2023
2U22
1x5.625
LLl$S' ¥csiricieO lund
Lo$5.- fixLid d5¥cI$ U5L'd Iw Iltsi cuiiliriuw work of IIIL, LliufLlI lJll.307
Unrtr.siri¢iL.d 1<ts50Ne%
117.31B
109.4lli9
5.J Prvporty Rcview
F?Idiiriiiig pLrmissiuii was appfUVQ(l in Junci 20)? lu sldrt ItriL (JcvLIL)PI¥ILiII o14LI rLiSiLlI!iil+al IITAIS iinij d fiLiW Uliurtih.
rollowinu Ihe demoliliijii ul IIILI LIIufLlI. £2.4 riiilliuri wdy rLI¢LIIvLid by IIIL Lliunly iirid is IIL&l(J by 11)LK LungrLwdliuii
Foderalion.
The church WÉIS vaLÉilL'tJ tsn l Ih l)occmbLr 202?. dLiiiiuljljts[I Ivork sltirtL(J iii l-(:bruilfV 202J iiiid builLlirio wurk is
LJXPLacle¢J to commencL4 al IbiL' Lnd ol OblobLI 2024
5.4 IiivcDtswicnt Policy
GFIufLh currenlly invest ils lunds in striurl Icrrn Liish dL'posils on ihL% basis IliJl IrLIo
mdy bLJ requirod dl shurt noliL(%
5.5 Grarbts PuliLy
-I-tILI Church fflcikLS 9fdiils lo support missiun<llV iifl(J ulliL'r pliil<&fillirupic L'Jl(JL'iAV()uis bL)In in IIILI UK
dnd abroad. The ChurLh is &L'Lkinq Io ITIOVLI IvwiJft55 i) puliLy i(I wliiLlI yrdrils Will b(: qlVL'n Lin IIIL. b¢lbl.4
Ih¢il Ihey dre ssJbjcthLI lo aiinudl rciyiLIw dll(l only rLfiL'VIL,d uri IIIL bi4SlS ol rTILILbiiriq ¥ail LrilL'ria. I riL
Tlie inlenlion 15 tlilil amounls CqUiVdlLifil Io dypfuxiiiirilL.ly 1UUI
lo olhLir chdfSliL5. Allhuuqtri ItrILIL' Wds d dL.Ii(-Il duiin4 IliL' YL%dL
1202J-.LI,7701 WLifLS ylVL'iI I a fiurribL'r ul Lliiiri151.'S ds Iri flUlL' tl lu tIiL' cl¢<;UUIIIS.
G. Pldn¥ fur luturo Pvriod$
n¥ niL&nlionL&d in poinl i.3 ubovu, IhL Chdrily rcLLIVLLI iri LOllSiLJL&fdtiuri ul larid SL.ItIL'mL'rs1 IhL' 5ur¥i ol t2.4
niilliuii which is hpld by ItriL. LuiiqrL'qdlioriul FL.dLfiilion (IS Ilic'y arL% LusludiJl truslL)L.. The Lharily will
alsu rcceivo a nLlw cliurch buildino whoin devL.IuyiiiL'ril 11<35 bL'LJn LL)fnpl£tlLi¢J
l)Ullflq IIIL YLla r Ilio suni ul r42.IliJ Wd5 vJillid.'dW(I IrJiri I tIL (Ully(L'iialiuiial I'L'cJLiidliun Iu 6VVL'r upcrtiliny
CDs15 0111 ol r2.4 millburi.
F-ollowing the ¢Jemolilitrn ol iilLI LtriurLh , %uiiLlay w(>f4tiip Yi'.Js IiL'ld Iri Si AUu511[1Ll.S VLl%lfy
al I liuhbury NLWI ljark Lundon NJ 21)11 Ilii.. rL'iII ul YiliiLIi Ib Pilio lur uul ol IIIL. SL'IIIL'ITIIN[Il IL'LI'.IvLi¢J.
7. Ro¥F>unsibililio¥ TruslL'L'% fur LIIL. Fsi'.J(lkniJl <iJib4iilLkIlLS
¥ccurd
HIGHBURY QUADRANT CONGREGATIONAL CHURCkl INOEPENDENT EXAMINER'S REPORT YEAR ENDED 31 DECEMBER 2023 IILporl Ilie I"ruslLs ol l.lslllilJury Quddr¥nl ConglLya1iLdl Cliuich on Ih? accourit¥ Ihc ycdf Lii¢JLYI 31 1)eLY!llibei 2023 l>eL out on PdflLiS 7 10 13. Ro¥pectivo responsibili11 of trus¢ees lind cxamincr As the ctriarily Iru51ee¥ ul the Trus1 yuu arc re5ponsiblo for Ihe preparation ol Ihe accounis in a(Lor(Sdnco 11 tho roquiremenls ol Ihc Charilios Acl 2011 (lTrie Acll. I reporl in rospecl ol my Lixaminalion ol tho I rust'b dLruunl% cartifxl scid11 14J ol IIIL. 2011 ALI in carryiiig oul my C1[0n I hsjve lollowc¢J dll IhL appL.81C Dircctis 9IVLn by IhLI Lhaiiiy Commibsi under $¢ciion 14J15}Ibl ol Ihe AL'I. Indcpendont EKi4mino¢s slatCLIn( l am qualified lo undertdko IhLi LUniirtaliun by boing a qUÉilll mc.nibLY ol IIIL AssoGiiitiOfl r Lhartcred Certificd A¢LOLtantS . I have ccrfnpleled ffly examinali¢)n . I conlirm Ihdl no matorial matlLJts have CL lo my aiienlion in conneLlion wilh the emInall0n Wcli QiVL15 InL% ¢tiUSL' lo bclievo ilkal in. 41fiy ffldlLifsÉil SL*l.. - Ihe accouniing recoftls wL%re not kcpi aLwOdfiLL %•illi seLiion 130 01 thL' Ol tho Charilios AL'I., 01 -Ihe ac¢ounls ¢Jid not accord wlh Ihe ihe dLLounli(iu rocoids., - the a¢count¥ did nol compty wilh Ihc applicoblu rc4uircmeniS COnINj Iho lorm and LY)nlLifil ol accuun14 SLJI uul in (ho Lharilics I n¢xouiilb dnd IILs)oris ) Il¢'qulaTrion 200tI olliLr Ih<in dlly rcquireffleril Io qivo d"truLI drid Idif V¢LWrf wliicri IS nL)l (I niJiior l1¥51¢[C.d as pért oi ari iii(ILPL'n(JL%iiI oxatnindlion. I havo nu cortLti1115 and h¢ive corne Éicfu55 no oltricr fflÉillL?ts Lunneciion with L'Xiimtn(Ilion lu whiLh 8llenliori should be drawn in this rcport in or(Scr lo cnabk. d pfoper uiiderslanding ol Ihe accoun15 lo be rvachod. SignLJd klahmud Said FCCA M. Said & Co LlldriclrL LLirlilied ALUn11s 137 IllaLk51ock Ilud Fin5bury Park Nd 2JW Lvndon Daled..
HIGHBUR Y QUADRANT CONGREGAnOMrtL LI.IUfiCtl STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2023 2023 UfirLlStricd Roslficlcd Toial lund lund funds 2U22 runds INCOMING RESOURCES Volunlury income 3.072 3.07 2.20b AclNilios lor gonwaling lun¢Js 13J.3JO 133.J30 Olhtsr inLomts TotJl LIILomirh9 rosourlus 178,llll7 178 IIB7 RESOURCES EXPENDED Co¥1 ol gQll14Kiiling lund3 Cosl ol clidrilublu Hclivilies 89.yld 81.Gfj2 119.914 01,Gd12 J,9t51 til.lJ21 LI&F Tolal ro$ourLos ompondod 171.556 171 55G NET INCOMING RESOURCES 7.3JJ 7.JJl 110,1241 RECONCIUATION OF FUNDS Tolul fund bruu9hl foTh¥afd 14B.2 1411.294 15LI.4111 TOTAL FUNDS CARRIEO FORWARD 155.625 155 li35 141J,2Y4 ThLa lIVl¥¥ on paao¥ g 10 13 l¢xm part ol Illo lingnuol sl#lL*monls.
HIGHBURY QUADRANT CONGREGATIONAL CHURCH BALANCE SHEEr AS AT JI DECEMBER 2023 2023 Unresirictod Rostrictod Totsl fuad fund lunds lund5 Nottr5 FIXED ASSETS -r¥ngible a¥sel5 12 311.307 J8.2Q7 CURREKf ASSETS Dobtor¥ LdSh al bank in hand 14 IT2.t?57 122.fi79 122.S57 12).619 112.704 11J,50<J CREDITORS Amounts Idlling ¢Jue within one year 15 5.361 5.361 4.Q40 NET cuRREr ASSETS 117.318 117.318 109,4E59 TOTAL ASS5 LESS CURRENT UABILITIES 155.625 14IU.29 CREDITORS Amounls falling due ¥ller mLKe NASSETs 159.5 155,625 148.294 FUNDS ftLslricled lunds-. Unfeslr¥cle4 lunds: 16 15i.E25 lJ15.170 TOTAL FUNt)s 15J.625 l Jil.1 lu Tlie f6ndnciÉil stalcfflenls wero appfove¢J by Iho I11¢j ul I WSlL'e5 0 rKJ wero s¢yiio(J on ¢15 boiiiall Dy. Rcvd. S Juvcd- MinislLY- TDJSiL* The noles on pages 9 10 13 lorm part ol trhE5L IinarKi&l slu1oii¥1l$.
HIGH8UR Y QUADRANT LONGIIE(>ATIGNtIL LI.Iui
HIGHBURY QUADRANT CONGREGATIUNAL CFIuiiLI I NOTES TO THI FINANLIAL STATtrl•LNI'- LuNriNtJLD YEAR EtrIDCD 31 DECEldlEIEII 202J 3. ALTIVITIES FOR GENERATING FUNDS 2023 2022 SyiL'¥ ol donalud 9ood¥ IS(!cur5d (;lihnLL Llidrily Yliopl Leliing Incomo- MansLI MalLh (JJY and prN¥lI: pdrking IUU,3b5 J2.Yl¥S 99.blX) J3.E511 240 IJJ.JJD 4. OTHER INLOME l-uiiding Ifom Congfl.:galion fvdorul>on 42,4US 4I,4Lir Tlig obovu Sum wmb rwoNL4d (rom LoiiyrLiualivii l-L.dLifr31iuri lu Luv(Trr tsiitlfihlifly i.'o>s1s (iuriiig IIIL yLlUr. S. COSTS OF GENERATING FUNL)S Sldll Lv¥ls liisuranLLI I,L64 J.ljlS1 'i2 24 479 13.7157 4,150 (:ILIHlli119 Jnd rulu¥L% Lull<41n 1.1011 463 14,lJUU J,bJY l<#lLI¥ ilfH5 wulur Paycull P¥¥ing Lo¥ls Priiiling ¥lalionery bubsifiplion¥ I)nk piid Cred51 Luril LlidryLI¥ .%IIup LUlSSUrtldblLs Vulunlui>r (JXPLllllkLt¥ Sundry Lsxpofi¥LIS Doprv¢i8lion yi J92 2.UJ4 Jl 171 'Jl2. 1UI 1.J2U IIY,Y14 1.1/J UJ,f)U1 G. CFIAIIITAOLE ACTIVITIES LOSTS 2U2J kU22 Church Lilo & Oulrtst4¢h OlliLo & ndffli(ii¥lryliuis ¥08ls 4JJJ J,741 41 1U,7(iU i.Y61J 1.IlU J,14ts ALLX)urilunLy IridoyL&n¢JLiil Llxdfiiifiaiivn l)rovision lor Miiilslor hus 011£ up duo Its Ilio fl!IuLdliuii iu u 114rnpurdry pldLLi lullL)wir14 Ilits vaciiliun ol Ihu CIIufL'lI ltsr dLIyLilupmL)ril, l-liiy i¥ bL'I(14 LO¥LlfLid by IIIL. r¢JlLU¥L' ol luii¢Js lioni Ihv LonurLualiundl PLi¢Jor¥liuii.
HIGNgURY QUADIIANT CONGREGATIONAL LIiui
Hl(>HOURY QUADRANT Cof4C.RLuA ii0èlAL LIIUIILI I
NOTES TO THE FINANCIAL s"fA I"EltlCNI'b - LOI4TIt4UCD
YEAR ENDED 31 DLCEMLIEII 202J
10. TRUSTEES. REMVNEI
HIGH8URY QUADRANT CONGREGATIONAL cHuricM NOTES TO THE FINANCIAL STATEMENTS- CONTINUEO YEAR ENDED 31 DECEMDCR 2U2"' 13. OE8TORS: AMOUNTS FALLING DUE IYITtrIIN OINC Y&IR 2U22 Olhi:i Llei>lors arid l?iepdyfnLbnl¥ 22 2023 2U22 14: Bank Cash EIlaCC 15. CREDITIORS: AMOUNTS FALLING DUE WITHIN OKIE YEAR 202J 2022. IILinl dLiposiI Lodfls Ollier credilors and dcccudls 5.361 4.040 4,040 16.MOVEMENT IN FUNDS AI U1.01.IDL3 AT 31.12.2013 Unre5triLled IvniJB 1.331 15>.62r TOTAL FUNDS 148.294 7.3Jl 1?S,E2 Nol mo¥offlLbrii ii) lundy. IllLIuL%Lid ifl '.rKi dJk OVL dro ls lullth*s-. IIiiLini¢14 rcsourLes RL'SUUfce5 expL'fideLI NgovcmL'n( in lunds UrirL¥slricto(t fund5 118.er57 i.JJi TOTAL FUNDS 171.SXG 17. OTHER FINANCIAL COMMITfoENTS The LhurLh had lollowinq JnnuJl coiiiftiilnionis uridL'f OPLifdb"114 tCd- SL% a5 IGU(Tws 2023 2022 Cxyiriny witlitn ono Yc( 13